The board of directors of Chinney Alliance Group Limited announced that with effect from 12 January 2024, Mr. Chi-Chiu Wu (Mr. Wu) has been re-designated from an independent non-executive Director to a non-executive Director and ceased to be the chairman and a member of the remuneration committee of the company but remains as a member of the audit committee of the company. Mr. Wu, aged 60, was appointed as an independent non-executive Director in March 2012. Mr. Wu had been a director and the chief executive officer of Golden Glory Group Pte.

Ltd. since 12 September 2013, until he resigned on 15 February 2019, a company incorporated in Singapore as the holding company to develop and operate mixed-use properties in Myanmar, comprising residential, commercial, retail, hotel and industrial township. He had been an executive director of China Motion Telecom International Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, since 9 February 2006 and the vice chairman and the chief executive officer of that company since 6 March 2006, until he resigned on 31 March 2013. Mr. Wu holds a Bachelor of Science degree from the University of Toronto, Canada.

Following the re-designation of Mr. Wu as disclosed above, the composition of the Remuneration Committee has changed with effect from 12 January 2024 as follows: Mr. Wu, has ceased to be the chairman and a member of the Remuneration Committee but remains as a member of the Audit Committee; Ms. Dee-Dee Chan, an independent non-executive Director and the chairman of the nomination committee of the Company (the "Nomination Committee"), has been appointed as the chairman of the Remuneration Committee; Mr. James Sing-Wai Wong, the chairman of the Company and an executive Director, and a member of the Nomination Committee, has been appointed as a member of the Remuneration Committee; and Mr. Ronald James Blake, an independent non-executive Director and a member of each of the Audit Committee and the Nomination Committee, has been appointed as a member of the Remuneration Committee.